Bitcoin Cycles & TA: 6/20/22 Evening
We are now seeing the start of this BEAR RALLY, but we have two days this week that can cause problems. Wednesday and Thursday when Market God Jerome Powell (Fed Chair) speaks to Congress and Senate. Basically, he is going to give the US economy report card to the politicians and then also the more important thing... he will give his commentary on the remainder of the year... i.e. his outlook. Indicators have bottomed even at the MONTHLY level, but we need to wait again for Jerome Powell and the 2 Day MACD to let us know if it's time to re-enter the market.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.